Form 8-K - Current report
January 09 2024 - 5:00PM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
January 9, 2024 (January 3, 2024)
CXApp Inc.
(Exact name of registrant as specified in its
charter)
Delaware |
|
001-39642 |
|
85-2104918 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S. Employer
Identification No.) |
Four Palo Alto Square, Suite 200
3000 El Camino Real
Palo Alto, CA |
|
94306 |
(Address of principal executive offices) |
|
(Zip Code) |
(650) 575-4456
(Registrant’s telephone number, including
area code)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading
Symbol(s) |
|
Name of each exchange
on which registered |
Common stock, $0.0001 par value per share |
|
CXAI |
|
The Nasdaq Stock Market LLC |
Warrants to purchase common stock |
|
CXAIW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 5.02 Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Chief Product Officer
In
connection with the realignment described below, on January 3, 2024, it was determined that Leon Papkoff, Chief Product
Officer, will separate from CXApp Inc. (the “Company”) effective January 4, 2024. The decision was not the result of any
disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Papkoff’s
separation from employment will be treated per his employment agreement with the Company dated March 29,
2023.
Item
8.01 Other Events.
Company Realignment &
Reorganization
On January 3, 2024, the Company decided to streamline
operations with a reorganization to drive efficiency using advanced technologies and a regional product and engineering support model.
The Company is fully committed to all of its existing products and customers as well as its roadmap of AI based analytics and applications.
As a result of this realignment, the Company expects operational efficiences in excess of 25% as well as enhanced customer experiences
moving forward.
Forward-Looking Statements
This report
includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. The expectations, estimates, and projections of the Company may differ from its actual results and consequently,
you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,”
“project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,”
“may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,”
“continue,” or the negative or other variations thereof and similar expressions are intended to identify such forward looking
statements. These forward-looking statements include, without limitation, expectations with respect to future performance of the Company,
including projected financial information (which is not audited or reviewed by the Company’s auditors), and the future plans, operations
and opportunities for the Company and other statements that are not historical facts. These statements are based on the current expectations
of the Company’s management and are not predictions of actual performance. These forward-looking statements involve significant
risks and uncertainties that could cause the actual results to differ materially from the expected results. Factors that may cause such
differences include, but are not limited to: the impact of the COVID-19 pandemic on our business, operations, results of operations and
financial condition, including liquidity for the foreseeable future; the demand for the Company’s services together with the possibility
that the Company may be adversely affected by other economic, business, and/or competitive factors or changes in the business environment
in which the Company operates; changes in consumer preferences or the market for the Company’s services; changes in applicable
laws or regulations; the availability or competition for opportunities for expansion of the Company’s business; difficulties of
managing growth profitably; the loss of one or more members of the Company’s management team; loss of a major customer and other
risks and uncertainties included from time to time in the Company’s reports (including all amendments to those reports) filed with
the Securities and Exchange Commission. The Company cautions that the foregoing list of factors is not exclusive. You should not place
undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any
obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its
expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law. These
forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the
date of this communication.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits. The following exhibit
is furnished with this Form 8-K: |
Exhibit
No. |
|
Description of Exhibit |
104 |
|
Cover Page Interactive Data File (embedded within the inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
CXApp Inc. |
|
|
|
Date: January 9, 2024 |
By: |
/s/ Khurram P. Sheikh |
|
Name: |
Khurram P. Sheikh |
|
Title: |
Chairman and Chief Executive Officer |
v3.23.4
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|
Jan. 03, 2024 |
Document Type |
8-K
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Amendment Flag |
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Document Period End Date |
Jan. 03, 2024
|
Entity File Number |
001-39642
|
Entity Registrant Name |
CXApp Inc.
|
Entity Central Index Key |
0001820875
|
Entity Tax Identification Number |
85-2104918
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
Four Palo Alto Square
|
Entity Address, Address Line Two |
Suite 200
|
Entity Address, Address Line Three |
3000 El Camino Real
|
Entity Address, City or Town |
Palo Alto
|
Entity Address, State or Province |
CA
|
Entity Address, Postal Zip Code |
94306
|
City Area Code |
(650)
|
Local Phone Number |
575-4456
|
Written Communications |
false
|
Soliciting Material |
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Pre-commencement Tender Offer |
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Pre-commencement Issuer Tender Offer |
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Entity Emerging Growth Company |
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|
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|
Common stock, $0.0001 par value per share |
|
Title of 12(b) Security |
Common stock, $0.0001 par value per share
|
Trading Symbol |
CXAI
|
Security Exchange Name |
NASDAQ
|
Warrants to purchase common stock |
|
Title of 12(b) Security |
Warrants to purchase common stock
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Trading Symbol |
CXAIW
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Security Exchange Name |
NASDAQ
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